Parallel Advisors LLC Sells 231 Shares of KBR, Inc. (NYSE:KBR)

Parallel Advisors LLC cut its holdings in KBR, Inc. (NYSE:KBR) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,931 shares of the construction company’s stock after selling 231 shares during the period. Parallel Advisors LLC’s holdings in KBR were worth $894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RK Capital Management LLC increased its position in shares of KBR by 37.4% during the fourth quarter. RK Capital Management LLC now owns 258,127 shares of the construction company’s stock valued at $14,303,000 after buying an additional 70,327 shares during the period. CenterBook Partners LP increased its holdings in KBR by 341.8% during the 4th quarter. CenterBook Partners LP now owns 51,347 shares of the construction company’s stock worth $2,845,000 after acquiring an additional 39,726 shares during the period. Vanguard Group Inc. lifted its stake in KBR by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,044,986 shares of the construction company’s stock worth $722,823,000 after purchasing an additional 52,679 shares in the last quarter. Norden Group LLC boosted its holdings in KBR by 1,030.1% in the 1st quarter. Norden Group LLC now owns 74,200 shares of the construction company’s stock valued at $4,723,000 after purchasing an additional 67,634 shares during the period. Finally, Qsemble Capital Management LP purchased a new position in shares of KBR during the 1st quarter valued at $868,000. Institutional investors own 97.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. TD Cowen downgraded KBR from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research report on Friday, September 6th. StockNews.com raised KBR from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 10th. Finally, DA Davidson reiterated a “buy” rating and set a $78.00 price target on shares of KBR in a research report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, KBR currently has a consensus rating of “Buy” and a consensus target price of $75.50.

KBR Trading Down 0.7 %

Shares of KBR stock opened at $61.80 on Tuesday. The business has a 50-day moving average price of $65.54 and a two-hundred day moving average price of $64.43. KBR, Inc. has a 12-month low of $49.37 and a 12-month high of $69.50. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The firm has a market cap of $8.30 billion, a P/E ratio of -32.19, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

KBR (NYSE:KBR) last released its earnings results on Wednesday, July 24th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. KBR had a return on equity of 27.92% and a net margin of 2.77%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. Equities analysts anticipate that KBR, Inc. will post 3.25 EPS for the current fiscal year.

KBR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 16th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Monday, September 16th. KBR’s payout ratio is presently -31.25%.

Insiders Place Their Bets

In other news, insider Jalal Ibrahim sold 35,000 shares of KBR stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $66.56, for a total value of $2,329,600.00. Following the transaction, the insider now owns 106,550 shares in the company, valued at $7,091,968. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.08% of the stock is currently owned by insiders.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.